Recent times have seen an accelerated growth in housing needs and with this rise in demand the prices of related materials have also risen. This alternately means that owning your own home has become a need which is not easy to finance on your own. This is where Bank of East Asia steps in, to provide affordable home loans in Singapore.
Salaried / Self-employed with regular income
Earn more than the minimum income required
EMI limited to about 50% of monthly income
Loan capped @ 70% of property value
EMIs of other loans lower your eligibility
Make your spouse a co-applicant, and her income will add to your eligibility
Choose longer tenure loan up to 25 years
Alternatively add your parents
|Margin of Finance||Up to 70%|
|Loan Tenure||25 years|
Bank of East Asia was established in 1918 and is based in Hong Kong. It formed its Singapore branch in 1952. The bank specializes in providing corporate mortgage as well as other financial services and banking activities. Bank of East Asia also offers mortgage financing for personal home loans.
Bank of East Asia Home Loan is an attractive option since it offers various schemes that meet the requirements of different customers. The tenure offered on the loan can be as high as 30 years and there is also provisions for cash rebate and preferential mortgage rates.
1. Conventional Mortgage PlanFeatures
2. SupremeGold Mortgage PlanFeatures
3. 90% Mortgage Plan
90% Mortgage Plan - Mortgage Insurance ProgrammeFeatures
90% Mortgage Plan - Top-up Mortgage Loan ProgrammeFeatures
4. HIBOR Mortgage PlanFeatures
1. Home Ownership Scheme' Mortgage PlanFeatures
2. 'Tenants Purchase Scheme' Mortgage PlanFeatures
The Bank of East Asia Singapore, offers banking services and financial products to corporate and individual customers in Singapore. It provides: